AXIOS (Kelly Tyko) - Gold and silver price swings are reshaping Valentine's Day jewelry
Valentine's Day jewelry is quietly changing as higher metal prices push brands to rethink materials and price points. Why it matters: This holiday could test whether shoppers care more about meaning — or metal weight . Catch up quick: Precious metal markets have been volatile heading into Valentine's Day. Gold and silver surged through much of 2025 before plunging sharply late last month, with silver posting its steepest one-day drop since 1980. - Even after the selloff, both metals remain well above where they started the year — and that volatility is filtering into jewelry pricing. How it works: Jewelry prices don't track daily metal swings. Pieces are often manufactured months in advance, so retail pricing lags. - Gold spot…